Bill > HR7834

This bill, the Prevent Illegal Gun Resales Act, aims to improve the licensing requirements for the retail sale of firearms. The key provisions include: 1. Increasing licensing fees for firearms dealers, importers, and manufacturers to $2,000 for a regular license and $400/$180 for a collector's license. 2. Requiring firearms dealers to specify their business practices, policies, and procedures to prevent the diversion of firearms, ammunition, and accessories from lawful commerce, and to prevent the transfer of firearms to straw purchasers. The Attorney General will prescribe regulations to enforce these requirements. 3. Imposing penalties, including civil money fines and license suspension or revocation, on dealers who fail to comply with their specified business practices. 4. Creating a new federal firearms trafficking offense with penalties of up to 15 years in prison. 5. Directing the Sentencing Commission to review and potentially amend the sentencing guidelines for firearms trafficking offenses. 6. Enhancing regulation and enforcement for "high-risk" firearms dealers, including requiring them to adopt electronic record-keeping, video/audio recording of transactions, and more frequent inspections. The overall goal is to increase accountability and reduce the diversion of firearms from lawful commerce to criminal use.